A shout-out from DUSK HQ to the entire Dusk Community!
In all honesty, when we received hundreds of registrations for Block Generator staking we were already getting quite excited. Though, what truly amazed us were the actual hundreds of Block Generators that joined the staking campaign. The community was putting their DUSK where its mouth is. With the Block Generator staking initiative live for a mere 4 days, the community response has been massive.
Since the launch, we’ve had to implement daily caps to curb the rate at which Block Generator staking was growing. In fact, stakers were queuing up to be amongst the first to participate, that’s how eager the Dusk Network community is to contribute.
Some stats. 225 Block Generators are currently staking a combined 22.500.000 (22.5M) Dusk tokens, which accounts for 8.4% of $DUSK’s total circulating supply on CoinMarketCap.
We’d like to thank each and every one of you for your support in the kick-off of the campaign. Being part of Dusk Network is not a one-time thing, there’s a lot more in store and we’re just getting started!
Please note that in order to ensure that the number of Block Generators is optimized within the network, we’ve decided to enforce a maximum of 300 Block Generator stakers. If you’re a prospective DUSK staker, don’t fret! There is still time to join as a Block Generator. Those eager to take part in staking will get another chance with the introduction of Provisioner staking. The full details of this 2nd staking method will be released very soon.
If you’d like to be kept up-to-date on the launch of Provisioner staking, sign up to the Staking Updates here (if you haven’t already!):
In the event that any of the current Block Generators decides to withdraw their participation after initial lock-up, these seats instantly open up again to the community. Should seats remain unfilled, it implies that all other participating Block Generators see an increase in their reward.
The importance of Block Generators:
Block Generators prevent collusion within the network by competing to produce a candidate block through a novel mechanism called Proof-of-Blind Bid. This PoBB powers Dusk Network and is an energy conscious consensus algorithm that generates unprecedented network security. For a more extensive explanation of the role Block Generators play in the network, please read our [Introduction to our unique Consensus Algorithm].
Interested to stake as a Block Generator and be part of Dusk Network? Please visit staking.dusk.network.